Flutter Entertainment Reports Q1 Profit Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy FLUT?
Source: NASDAQ.COM
- Profit Decline: Flutter Entertainment reported a Q1 net profit of $218 million, or $1.23 per share, down from $283 million and $1.57 per share last year, indicating a weakening in profitability that may affect investor confidence.
- Revenue Growth: Despite the profit decline, the company achieved a 17.4% year-over-year revenue increase to $4.304 billion, up from $3.665 billion last year, reflecting strong business expansion and market demand.
- Adjusted Earnings: The adjusted earnings stood at $217 million, or $1.22 per share, indicating that the core profitability remains relatively stable when excluding one-time items, which may support future investment decisions.
- Full-Year Revenue Guidance: The company provided a full-year revenue guidance of $17.655 billion to $18.955 billion, suggesting management's optimistic outlook for future performance, demonstrating long-term growth potential despite the current profit decline.
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Analyst Views on FLUT
Wall Street analysts forecast FLUT stock price to rise
26 Analyst Rating
23 Buy
3 Hold
0 Sell
Strong Buy
Current: 101.200
Low
228.00
Averages
296.77
High
381.46
Current: 101.200
Low
228.00
Averages
296.77
High
381.46
About FLUT
Flutter Entertainment plc is an online sports betting and iGaming operator. Its segments include the United States (U.S.), United Kingdom and Ireland (UKI), Australia and International. The U.S. segment offers sports betting, casino, DFS and horse racing wagering products to players across various states in the United States, mainly online but with sports betting services also provided through retail outlets and certain online products in the province of Ontario in Canada. The UKI segment offers sports betting (sportsbook), iGaming products and other products through its Sky Betting & Gaming, Paddy Power, Betfair and tombola brands. Its Australia segment offers online sports betting products through its Sportsbet brand. The International segment includes its operations in 100 global markets and offers sports betting, casino, poker, rummy and lottery, mainly online. This segment includes Sisal, PokerStars, Snai, Betfair International, Adjarabet, MaxBet, Betnacional, and other brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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